Xcel Energy files 2016 rate increase request

The utility filed an application Friday with the Public Service Commission seeking to raise electric rates by $27.4 million. According to the utility, that would translate to about $4.73 more per month for a typical residential customer.

The application also seeks to raise natural gas rates by $5.9 million, which would mean about $3.02 more per month for a typical residential natural gas rates.

The utility says it needs the money to construction additional wind generation, rebuild power lines and upgrade generation facilities.